By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Dangote’s Refinery Will End Fuel Scarcity in Nigeria – Lai Mohammed
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Dangote’s Refinery Will End Fuel Scarcity in Nigeria – Lai Mohammed

Farouk Mohammed
By Farouk Mohammed
Published: May 7, 2016
Share
2 Min Read
SHARE

Lai-Mohammed-Information-Minister-1-1-1-1-1-1

The Minister of Information and Culture, Alhaji Lai Mohammed has assured Nigerians that the petroleum refinery being built by Alhaji Aliko Dangote will end fuel scarcity when completed.

The Minister made the disclosure during a visit to Rutam House, headquarters of the Guardian Newspapers in Lagos.

Dangote group had recently commenced the building of a refinery in the country that would produce 650,000 barrel of crude oil per day which will be operational in 2018..

- Advertisement -

Mohammed noted that in addition to fixing the existing refineries to produce optimally, the Federal Government would licence new investors to bring in modular refineries that would sited close to existing ones to enable them access crude oil.

Speaking on the power situation in the country, Mohammed said Federal Government no longer have total control since the sector was privatised

He pointed out that lack of proper gas policy is one of the factors affecting the sector.

Mohammed said, “Because there is no gas policy in place, the major oil players are laying claim to ownership of the gas on the ground, that it is a by-product from crude they are refining.

- Advertisement -

“Besides, in the international market, gas is sold for $4 per cubic metre, but we are buying slightly above 3$, so you can understand their problem.”

The Minister also stated that N350billion would be released to road contractors as a way of mobilising them back to site.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:DangoteFuel ScarcityLai MohammedNigeria
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Top 6 Celebrity Marriages That Broke Up in Nigeria
Next Article It Was Easy to Pick Nigeria Ahead of England – Alex Iwobi

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
- Advertisement -
Ad imageAd image

You May Also Like

Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?